Aquila Wealth Podcast

Business Owners, listen to unique and creative ways to transform your business and personal finances. Enjoy the show!Eric Maldonado, CFP®, MBAOwner, Aquila Wealth Advisors, LLC(805)250-4552info@aquilawealth.comSan Luis Obispo, CA www.aquilawealth.comContact Us: https://www.aquilawealth.com/contact-usDisclosure: Aquila Wealth Advisors, LLC is a registered investment advisor in the state of CA, LA, and in other jurisdictions where exempt. All content on this podcast is for information purposes only. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.
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Ep. 57 Inherited IRA from a Parent? Avoid HUGE Penalties! Son/Daughter Guide to Distributions & Taxes
Episode 57
Monday, 23 June, 2025

In today's episode, we explore the complex distribution rules associated with inherited IRAs, focusing on scenarios where a child inherits an IRA from a deceased parent. This episode clarifies the required minimum distributions (RMDs) and the impact of the 10-year rule under the latest regulations. Learn whether your situation falls into the category of non-eligible designated beneficiaries or eligible designated beneficiaries, and understand the tax implications and penalties associated with these rules. Eric simplifies the intricacies of both pre- and post-2020 inherited IRAs, providing practical advice and resources to ensure compliance and optimize your financial outcomes.Sign up for the newsletter here.You can find show notes, resources and more at www.aquilawealth.com.Disclosure: This podcast for information not advice for any one person. Always consult with your tax, legal, or financial advisor first. Aquila Wealth Advisors is a registered investment advisor in CA, TX, LA and states where exempt.